Myspace does suck... Thing's always breaking down, is pretty useless, basically just a chain letter site, or fake person please let me give you a virus by promising to give you a more fun virus kinda place, Meatwad covered some of the bases quite nicely, etc, etc.
It is a nice idea, being able to easily keep in touch with your friends all over the world, and so it's a good thing that Facebook actually accomplishes this easily without any of the same problems as Myspace.
Not to rain on your parade or anything